Anonymous Plaintiff Sues to Claim 3.8 Million BTC

Bitcoin continues to trade under pressure after losing the critical $75K-$76K support zone, while broader market sentiment remains cautious amid weakening ETF inflows and deteriorating technical structure. However, BTC is now approaching an important confluence of technical supports around $70K-$72K, where both trendline support and the 100-day MA could provide temporary relief for the market. […]

The post Bitcoin drops out of the top 10 largest assets by market cap appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is down nearly 17% year to date, as institutional outflows and geopolitical tensions continue to pressure digital assets. As a result, ‘digital  gold’ has officially dropped out of the top 10 largest assets by market cap, now occupying spot number 13 with a market value of $1.457 trillion, citing numbers provided by Companies Market Cap. For comparison, the cryptocurrency is now worth less than Tesla (NASDAQ: TSLA) and Meta (NASDAQ: META), which have a market capitalization of $1.64 trillion and $1.59 trillion, respectively. Top assets by market cap. Source: Companiesmarketcap.com At press time, Bitcoin was changing hands at $72,753, with the $72,000–$73,000 area as the next critical support. To plunge even further, to spot number 14, the digital asset would need to decline just 10% more and lose $147 billion in market cap. Bitcoin bleeds market cap Indeed, in contra

The post Fed’s Favorite Inflation Gauge Just Hit Its Highest Level Since 2023: What It Means for Bitcoin appeared on BitcoinEthereumNews.com. April Personal Consumption Expenditures (PCE) inflation matched the 3.8% year-over-year forecast, its highest reading since May 2023. Bitcoin (BTC) slid toward $73,300 as the print pushed the Fed’s preferred gauge further from its 2% target. Core PCE rose 3.3% on the year, also in line with forecasts. Monthly readings came in softer at 0.2%, below the 0.3% estimate and reinforcing the higher-for-longer rate path. PCE Print Confirms Sticky Inflation The Bureau of Economic Analysis released the April Personal Income and Outlays report on Thursday. Headline PCE matched the 3.8% consensus forecast at its highest annual level since May 2023. Core PCE, which excludes food and energy, climbed to 3.3% from a year earlier. The reading sits at its highest level since October 2023 and nearly doubles the Fed’s 2% target. Monthly figures gave doves a small wi

Ripple CTO Emeritus David Schwartz has criticized a New York lawsuit seeking ownership of billions of dollars worth of dormant Bitcoin wallets, including addresses linked to Satoshi Nakamoto and the Mt. Gox hack. According to court filings shared online, plaintiff…

Bitcoin and gold are losing their appeal as macro hedges, JPMorgan says, as Middle East tensions and inflation fears ease and investors pull money from “devaluation trades.” Bitcoin’s (BTC) role as the market’s flagship “devaluation trade” is fading as investors…

The post Bitcoin Price Has Died 472 Times: Can BTC Finally Flip The Script? appeared on BitcoinEthereumNews.com. The Bitcoin price has been declared dead more times than most assets have had good days, 472 times since 2011, to be precise. Yet here it trades, around $73,300, down around -3% in the last 24 hours, still very much alive and grinding through what looks like a calculated consolidation phase. Data tracked by CryptoRank confirms that those 472 “Bitcoin is dead” declarations have spanned multiple market cycles, moments of genuine panic, regulatory threats, and macro-driven selloffs. Each time, the narrative collapsed under the weight of Bitcoin’s own price recovery. Bitcoin Has Died 472 Times Since 2011 During this time, $BTC has grown 701,300-fold (70.13M %), despite 472 claims over that period that “Bitcoin is dead” or it’s “going to zero” pic.twitter.com/IxqCd0BBiP — CryptoRank.io (@CryptoRank_io) May 27, 2026 Macro catalysts remain the wild card. Traders are watching upcomi

The post New York passes Mamdani’s pied-a-terre tax. Who pays and how much appeared on BitcoinEthereumNews.com. The 220 Central Park South building, center, stands in New York, U.S., on Wednesday, Jan. 23, 2019. Just days after buying one of the most expensive residential properties in London, Citadel founder Ken Griffin set a U.S. record with the $238 million penthouse at 220 Central Park South. Jeenah Moon | Bloomberg | Getty Images New York City’s new tax on second homes will more than double property taxes owed by many wealthy luxury apartment owners, according to tax experts. State lawmakers on Wednesday passed the tax on non-primary residences in order to help close the city’s budget gap. The so-called pied-a-terre tax will be imposed on second homes valued at $1 million or more. It’s expected to raise $500 million in revenue. Details on the tax obtained by CNBC show that the property tax would take effect in two different phases. In the first two years – the tax years 2026-2027

Bitcoin held a narrow intraday range of $72,622 to $76,047 on Thursday, as bears maintained structural control across multiple timeframes. Price action on the 1-hour, 4-hour, and daily charts all pointed to a market searching for directional conviction near multi-week lows. Bitcoin Chart Outlook The 1-hour chart showed bitcoin consolidating around $73,000 after buyers defended […]